Initial Configuration of the Indicator

Open any chart from your desired trading resource, for example, https://www.tradingview.com/chart/?symbol=BITMEX%3AXBTUSD. Proceed to click on your chart, as shown in the screenshot below, and add the indicator to the chart.

Next steps after adding the indicator to the chart:
1) Turn on the labels in the chart settings.


2) Turn off the Indicator Values and turn on the Indicator Arguments by checking and unchecking the options.

3) Turn off the "Quantity" in the indicator settings. The indicator settings are located, as shown below.

4) Choose your desired strategy.

5) The next step is choosing a timeframe and the exchange to execute your desired strategy. If it's 15 minutes, then the timeframe is also set as 15 minutes!

That's it!


Deciding on a Long or Short position

Enter your chosen position when the price reaches the red or green "plus sign +" on the chart.

The closer the price is to the plus sign, the higher the probability of the corresponding position. Noteworthy, a short and long situation will arise if you are close to the red or green sign, respectively.

Afterwards, set your pending market stop orders (using Stop Market) in both directions at the indicated prices in advance. Prices (pluses) are dynamic, sometimes you need to monitor the indicator and change them on the exchange.
For example, if you want to enter a long position at 60$ (current price - let's say 56$), set the trigger price to $60 and press the Buy/Long option depending on your strategy.

You can also set a take-profit in advance (using Stop Market option). For instance, set trigger price to 61$, check "Reduce only" and press Sell/Short.

All set by now!

Q: How do I know the TP price in advance?
A: For more guidance, consult this table https://docs.zoho.eu/sheet/published.do?rid=4hthvd7b5fa3d435f48b38ea99755e756e4d2
You can also enter a position only when you receive an alert from the indicator, in this case, you don't have to set a pending order in advance.



Setting Alerts is as Described Below:


Stop loss and take profit. Leverage

SL/TP. Its value is shown in the marks (on the price scale). Reaching this price (line) will lead to the position closing at the fixed stop.

Besides, due to the specifics of TradingView, the position is closed only on the next candle. If you entered the long position at $10,000, and the price rose to $15,000 on the same candle, your position will be closed at the opening of the next candle with +50%. It is up to you to consider if this is a bug or a feature.
The position will also be closed by the stop loss feature on the platform if the price reaches the opposite plus "+." Eventually, there will be an auto-reversal to a new position (from short to long). If the price is attained earlier, that is "+" or a standard stop, will serve as a stop loss. It is recommended to set your leverage from 3x to 10x.


List of the strategies with TP/SL:


Check out this table https://docs.zoho.eu/sheet/published.do?rid=4hthvd7b5fa3d435f48b38ea99755e756e4d2


When the indicator enters the position, the take-profit value does not appear on the first candle (these are specifics available on TradingView). The take-profit will be shown on the next candle only. For example, in case of 0.8% TP, you need to manually add this value to the current entry price and close it at the desired price on the exchange (in order not to wait for the next candle). If you bought it for $10,000, the profit would be taken at 10,080 (0.8%).


Additional Strategies:

Strategy 1:

This applies in the case of a short term strategy only. Enter the position when the price reaches the plus sign, if the price has NOT followed your direction, then average it at the "Entry to long/short at the dip" marked on the chart. The entry point will become more profitable.
It would help if you averaged with a double/triple volume. If the position was open for 1,000 contracts, it should be averaged with 2,000/3,000.
Next, close it in parts or entirely – at the lower or upper main take-profit.

Strategy 2:

Entry at the dip (applicable only for the short-term strategy). This screenshot is already familiar. When using this strategy do not enter the market right away — only when the words "Long/Short entry at the dip" appear, i.e., place the order on the ± blue line and exit on the lower green line (the take-profit took a position at the dip) or upper main take-profit line. Exit in parts (keep the rest until the main take) or entirely. The stop loss can be set at breakeven after closing part of the positions with profit.



Using strategy allows you to enter at an attractive entry point with a good risk/profit ratio.
Strategies with a PRO mark
These are trading medium-term strategies and include high profitability with shortstops. The strategy is not quite suitable for beginners because it requires making an independent decision about whether to take profits and where to exit a position. The recommended situation for taking a portion of the profit is indicated in green, and the stop loss is indicated in red.


The procedure of using the PRO is as follows: enter the position as the indicator recommends, then close at about 10-25% of the position into profit on the green line (TP 1-5). After that, move the remainder of the position to breakeven (BE) or slightly lower than the entry point and take profit as it grows.


Strategies with a Multi Take-Profit Mark
These are trading short-term strategies with a step-by-step profit-taking plan. They are suitable for beginners because they provide a full guide on where to close a position, where to open it, and where to set a stop.

The procedure of using the multi-take profit mark is as follows: enter the desired position as the indicator recommends, then gradually close the position in portions on each green line (take profit) – for example, 30%/30%/40% (check out this table https://docs.zoho.eu/sheet/published.dorid=4hthvd7b5fa3d435f48b38ea99755e756e4d2). Part of the positions can be moved to breakeven after each take-profit if desired.


Tips:
1. Always do your analysis. It is beneficial to rely on the indicator, but conducting research and analysis is highly recommended.
2. Do not use leverage over 15x.- Design and follow strategies.- Try to enter/exit with limit orders (not market ones); this way, you will significantly save on commissions and get a reward (rebate).- You can open several tabs in the browser and select a specific set of tools/strategies in each tab. For example, one tab for the BTC strategy, another one for BCH, and the third one for EOS.


IMPORTANT:
When the strategy is NOT in position, IGNORE the current take-profits and stops – these are outdated values from the previous entry. The take-profit and stop-loss relevant values will appear after entering the position on the next candle (when the price reaches one of the pluses). Instead of waiting for a new candle, you can calculate and set the take in advance as guided by this table https://docs.zoho.eu/sheet/published.do?rid=4hthvd7b5fa3d435f48b38ea99755e756e4d2
Backtest does not account for additional buys/entries from dips. It counts from the plus to the stop/take exactly.
When the indicator closes the position, it skips the next candle. It is designed this way as a measure against the increased volatility in the market. It will turn out that the following entry to a new position will be at least after one candle.
Mid-term strategies are NOT back-testable.
So, to sum up:

If the strategy is NOT in the position, IGNORE the strikethrough values. Focus only on Long/Short entry.


Strategy IS NOT in the Position.
If the PRO strategy is in a long position, IGNORE the strikethrough value (Long entry) as the strategy is already in a long position, and you've missed it. You have to wait for a new signal. If you missed the entry and no TPs were hit, you could still enter the position.
Focus only on Short entry/Take profits/SL.



Long position
If the short-term strategy is in a Short position, IGNORE the strikethrough value. Focus only on Long entry/TP/SL and Entry at the dip/TP from the dip (if at all they are shown on the chart).

Short position
How to set up alerts:
Step 1. Choose the desired strategy, decide on the timeframe, and the exchange for the desired strategy. If it's 15 minutes, then the timeframe is also set as 15 minutes.


Step 2. Move your mouse cursor over the strategy name and choose the option to "Add an alert."


Step 3. Copy and paste this into the Message window:
{{strategy.order.comment}} @{{strategy.order.price}}
And then click Create.


That's it! The alert has been created. Now you will be notified when the strategy opens or exits the Long/Short position.

Thank you! Look out for more trading guides in coming days!